Q: After this announcement, time to sell CS?
“Really, really rich copper deposits a mile below the ocean surface“
THKS
“Really, really rich copper deposits a mile below the ocean surface“
THKS
5i Research Answer:
No; underwater mining has been discussed and proposed for many decades. Yes, there are giant mineral deposits below the sea. But they may not be economic, or even possible, to mine. There are lots of logistics and cost issues even before one considers the environmental impact. We do not expect these deposits to influence world metal prices anytime soon.